Nelnet, Inc. (NNI) Earnings History
Steady Earner24 years of earnings data (2002–2025) · Positive but moderate multi-year EPS trajectory
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Nelnet, Inc. (NNI) Earnings Overview
As of June 29, 2026, Nelnet, Inc. (NNI) reported trailing twelve-month net income of $417M, reflecting +130.7% year-over-year growth. The company earned $11.56 per diluted share over the past four quarters, with a net profit margin of 18.9%.
Looking at the long-term picture, NNI's 5-year EPS compound annual growth rate (CAGR) stands at +5.1%, showing solid earnings momentum. The company achieved its highest annual net income of $428M in fiscal 2025, representing a new all-time high.
Nelnet, Inc. maintains industry-leading profitability with a gross margin of 87.0%, operating margin of 50.6%, and net margin of 18.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including SLM ($745M net income, 24.0% margin), NAVI (-$60M net income, -2.5% margin), WRLD ($35M net income, 5.9% margin), NNI has room to improve margins relative to the peer group. Compare NNI vs SLM →
NNI Earnings vs Peers
Earnings metrics vs comparable public companies
NNI Historical Earnings Data (2002–2025)
24 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $428M | +132.8% | $1.14B | $11.58 | 18.9% | 50.6% |
| 2024 | $184M | +104.9% | $229M | $5.02 | 10.0% | 12.4% |
| 2023 | $90M | -77.9% | $69M | $2.39 | 5.0% | 3.8% |
| 2022 | $407M | +3.5% | $502M | $10.63 | 22.4% | 27.6% |
| 2021 | $393M | +11.6% | $502M | $10.20 | 27.7% | 35.4% |
| 2020 | $352M | +148.5% | $450M | $9.02 | 25.7% | 32.8% |
| 2019 | $142M | -37.8% | $177M | $3.54 | 8.5% | 10.5% |
| 2018 | $228M | +31.6% | $286M | $5.57 | 13.6% | 17.0% |
| 2017 | $173M | -32.6% | $227M | $4.14 | 14.7% | 19.2% |
| 2016 | $257M | -4.2% | $399M | $6.02 | 21.5% | 33.4% |
| 2015 | $268M | -12.9% | $421M | $5.89 | 24.1% | 37.9% |
| 2014 | $308M | +1.6% | $470M | $6.62 | 27.8% | 42.4% |
| 2013 | $303M | +70.0% | $466M | $6.50 | 28.7% | 44.1% |
| 2012 | $178M | -12.9% | $275M | $3.76 | 19.4% | 29.8% |
| 2011 | $204M | +8.1% | $322M | $4.24 | 22.9% | 36.1% |
| 2010 | $189M | +35.9% | $302M | $3.81 | 19.5% | 31.2% |
| 2009 | $139M | +385.4% | $216M | $2.78 | 14.5% | 22.5% |
| 2008 | $29M | -12.8% | $45M | $0.58 | 2.0% | 3.1% |
| 2007 | $33M | -50.2% | $57M | $0.66 | 1.6% | 2.8% |
| 2006 | $66M | -63.0% | $102M | $1.27 | 3.8% | 5.8% |
| 2005 | $178M | +19.4% | $279M | $3.37 | 15.7% | 24.6% |
| 2004 | $149M | +450.4% | $234M | $2.78 | 21.5% | 33.7% |
| 2003 | $27M | -44.2% | $46M | $0.60 | 5.5% | 9.4% |
| 2002 | $49M | - | $76M | $1.08 | 8.8% | 13.8% |
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NNI — Frequently Asked Questions
Quick answers to the most common questions about buying NNI stock.
What is NNI earnings per share (EPS)?
NNI trailing twelve-month (TTM) diluted EPS is $11.56, reflecting +130.7% year-over-year growth. The 5-year EPS CAGR is +5.1%. Complete EPS history from 2002 to 2025 is available in the table on this page.
What is Nelnet, Inc.'s net income?
Nelnet, Inc. (NNI) trailing twelve-month net income is $417M as of 2025. Earnings grew +130.7% year-over-year. Nelnet, Inc. has been profitable for 24 consecutive years.
Is NNI profitable?
Yes, NNI is profitable with a TTM net income of $417M and a net profit margin of +18.9%. Nelnet, Inc. has generated profits for 24 consecutive years.
What is NNI's earnings growth rate?
NNI compound annual EPS growth rates (CAGR): 1-Year: +130.7%, 3-Year: +2.9%, 5-Year: +5.1%, 10-Year: +7.0%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2002 to 2025.
What are NNI's profit margins?
Nelnet, Inc. net profit margin is +18.9%, operating margin is +50.6%, and gross margin is +87.0%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +12.5%.
Is NNI growing earnings?
Yes, NNI earnings are accelerating — EPS growth of +130.7% exceeds the 5-year CAGR of +5.1%. TTM net income reached $417M. Earnings momentum is strengthening.
What was NNI's best earnings year?
Nelnet, Inc.'s highest annual net income on record is $428M, achieved in fiscal year 2025. Earnings history on this page spans 2002 to 2025 and includes all annual and quarterly figures.
What were NNI's earnings last quarter?
NNI's most recent reported quarter was Q1 2026. Net income was $71M with diluted EPS of $1.97. For a full breakdown of all quarters, see the quarterly earnings table on this page.